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461  Economy / Economics / Re: Tech companies no longer "friends" on: March 01, 2021, 08:08:28 PM
The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

Apple is the number tech company which such a myopic sentiment of an average person. They think because they are unique means they are overvalue.
Sometimes, when I look at their products and the users, I pity them because I wonder if in the next 10 years, an iphone will be competing with price of an average car.
To the main topic, in business, there is better option when you fail, this is what you should expect and blockchain too, I think most of the tech companies see great potential in blockchain but at the same time they are afraid that they can not longer controls users data and information.
They sell this information and data as revenue, so I doubt if they would want something decentralized.
462  Alternate cryptocurrencies / Altcoin Discussion / Re: Patience isn't everything on: February 28, 2021, 08:31:01 PM
Been patient doesn't mean it might turn out good. The often phrase "patient dog eat the biggest born" isn't subjective to anyone or occupation but it's a perquisites in every aspect of life. It's a need that must be included in everyday activities and part of life.
Take trading for instance, taking a long position on Ethereum when the price was around $600 requires lots of patience and does who really wait have benefits from the action but again taking a long position on the same Ether when the price was around $1800 would have been a great mistake. The trader would have thought the price may go up more but seeing how the market turns out will be so hurt right now.
In conclusion, it depends on when you used it.
463  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bull run is over? on: February 28, 2021, 07:03:15 PM
Maybe this is just temporary I guess, I don't see any sign that the market will go bearish. As you can see the prices of cryptocurrencies were not so down, so I think there is a chance that we can see another bull market.

Are you sure my friend? You should check the market cap now because bitcoin just loss it trend and the weekly candle is about to experience a sell pressure which indicates a bearish trend. If the sell pressure continues in the next days, then bearish trend is imminent my friend.
The traditional market especially Nasdaq and S&p 500 weren't good last week, hopefully if Newyork market opens green, then crypto entire market may stablize.
Again, February and month of March is always bearish according to crypto market performance, we may even go deeper by next month. Let's all be prepared
464  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Uniswap Token to $50? on: February 28, 2021, 06:57:57 PM
If Bull run continues for 2 months more, $50 for Uniswap is very likely. But these dex tokens will get rekt at the bear market.

Unfortunately, market isn't diagonal line that keep trend for a long time. At a point, it will be broken and another trend will emerge, we hope this doesn't start as bear market.  Sad Sad
You are really that confident with Uniswap governance token despite the numerous challenges face by retailers and small investors on the platform, I don't see a long term value if the problem continues. The fee for enabling swap and the fee for swap itself isn't something to recommend for a friend and family despite it been decentralized system.
I have my eyes on radix hoping their Mainet coming quarter 2 will do some magic to the price like Cadano though not $50 but it has a future.
465  Economy / Economics / Re: Financiers would never invest in bitcoin? on: February 25, 2021, 02:46:41 PM
At the end of the day, the large investment firms actually manage others money, and if there is enough interest from their clients into having some bitcoin or other crypto in their portfolios, they will eventually have to give in or see part of their assets under management leave to those alternative managers that accept the new economy.

You see, most of this financial institutions like the insurance company will deny that the Insurers money are sometimes giving out at informed of lending with sole aim of making some interest but I bet there will always be an allocated amount invested in cryptocurrency, especially now that there is high Fomo in the space, they would certainly don't want to miss out.
The above insurance is just an example, there are more of the finance that are heavily into cryptocurrency but for the fear of been sanctions or fine, they will never disclose but will continue to invest in underground.  Grin
466  Economy / Economics / Re: Facebook agrees to makes payments to Australia on: February 25, 2021, 02:31:51 PM
It seems that it is actually possible to come to an agreement. Facebook has to pay a tax for using news from Australian media. I would really like to see Europe using a fair taxation for the income generated in Europe as opposed to the current massive lassier-faire.

It's still a rebranded kind of banking with huge fees and a delay which will definitely requires heavy documentation of users before allow to send and receive transactions from other regions. I don't like centralized exchanges that much but I will prefer and exchange transfer with a a centralized exchange and convert to fiat than Facebook platform. We shouldn't forget that Facebook in the past has tempered and share users data with a third persons company.

What happen to their stablecoins Libra, there were some news around December last year that they will be going public this quarter 2021 but it seems they have been delay as usual.
467  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Hidden gems under the radar potential 10-100x on: February 25, 2021, 01:36:11 PM
This is bull run and I want everyone to be cautious with your position on every Altcoins. This is the time when shoitcoins becomes the coin of the people. Most of them get pump by whales who have filled their bags in distribution time. One should also know that only the tough coin last long and this are the ones that survived the near market and not all the suffix finance that are hopping in the bull run track without much to offer.
I have keep my eyes on the below gems and not be taken as financial advice. They encompasses:
  • DIA, the next oracle
  • Dego finance
  • Poolz finance, the next IDO platform I'm rooting for though there tiers are high in price but good for making profit if you can hold for long term.
Cheers.  Wink Wink
468  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If bitcoin surpasses the $60K level then it will hit higher than $100K on: February 24, 2021, 11:49:54 PM
The price of Bitcoin is still growing and it will be continuing. So we are not far away from $60k and I think bitcoin will hit $60k very soon. We should wait some days to see this moment.

We should as well be cautious when predicting price, when aiming high, there should also be a room for correction, that's exactly what happened to bitcoin and your target as you didn't put other factors in consideration.
As OP has said that if btc could break $60k, the next psychological resistance traders and investors would be looking up to will be $100k just the way we are currently trying flip $50k into a support but I think it's difficult for now but it's achievable.
There are rumours some institutions locking some thousands of btc yesterday including twitter CEO. If we continue to consolidate around this range of $48k and the sell pressure( red) on MACD in daily time frame becomes buy pressure( green) , then we have more room for upwards.
469  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why ETH dropped 20% from the high peak? Anyone knows? on: February 24, 2021, 11:31:08 PM
why ETH dropped from $ 2000 to $ 1400! I think you already know the answer sir. which is clear all that happened as a result of the price of Bitcoin has decreased. Also keep in mind that the market does not always go up or down, so let's enjoy it.

Not just that, in addition, Ethereum has reach it state of maximum capacity hence the ability to scale up has become a huge challenge for everyone here. We all see what has been happening to network especially the other day when bitcoin flash dump on Monday and the whole network was becoming too crowded that even some centralized exchange has to halt withdrawal of erc-20 tokens. Isn't it a obvious that investors will have to live for the other alternative.
Take a view look at polkadot and their ecosystem, they have the solution and most new projects are almost centered in layer two solutions but Ethereum is still behind trying to run transaction with a maximum of 15 seconds per transaction, that's too low for the current community 0f decentralized finance.
470  Economy / Economics / Re: Does Bitcoin Help The Poor on: February 24, 2021, 11:22:17 PM
Bitcoin doesn't just help the poor, it elevate the poor from their little state of mind and bring them to the state of rich. Imagine buying Bitcoin around $100 for the last 8 years and then you wake up from plumber and then realize that a pair worth about $40k. The joy within you will have no bound. That's why, it's advisable to diversify a portfolio because you never know which one that will outperform the other.
I am also an example, if not holding of bitcoin, trading and doing freelance as a job for my self, I don't know where I would have been for the past 3 years but despite the difficulties, the downtrend, we are still here waxing stronger and hoping for better days ahead.
471  Economy / Economics / Re: Rich have too much on: February 24, 2021, 05:49:45 PM
Rich have too much is the reality because there are some factor works. These factors are rich already knew well how can they gain and what strategy. And the other is they already engage the maximum way which can be interested in others. They use ordinary people's merit and labor to get more profit by giving low salaries. Maximum of them use dishonest mentality to fix own position. So they are eligible for more money.

You made me to remember a phrase that says keep them poor, dont make them rich rather llow them to work for you and pay them their labour and wages in return. The rich always want to be at the fore front of profit and hence they will try all posible means to outsmart the poor level that's why there aim is to keep accumulating profit.
The way life is created, it has never been fair. It's left for the average person to aim higher and improve on how to get to the top. Most riches today weren't day success.
472  Economy / Economics / Re: COIN PRICES CRASHING!!! SELL BITCOIN NOW!!!! on: February 24, 2021, 05:42:32 PM
As one of many people that late to all in, I honestly hope the price will dip to the bottom so I can fill my bag with that cheap btc. But unfortunately it won't be like that, because bitcoin still have good fundamentals these days.
50k is the new standard.

Honestly, the way btc are bought back Is really fast. The past days dump were pretty fast and Altcoins were all affected and the surprising thing is that they are all bought back so fast that you wouldn't notice. This is what we all adoption and not some tweets, meme and their effects here and there especially the artists influenced the past weeks.
There are rumours Elon musi stock fell badly due their shares allocated to bitcoin but I don't see anything bad if a company decides to take such moves. The only thing I have hate about him is that shilling of doge coin.
473  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk Another Twitte for DOGE COIN on: February 22, 2021, 06:35:39 PM
Do you think guys it will pump again to 200 Sat's or more ?
I have a feelings that this guy will be invited by regulatory bodies soon because of this shilling of doge.
I will not advise everyone to buy Altcoins because of someone influences, that's not adoption but manipulation. At point, there wouldn't be more to present to the audience and believe me, it will end up as pieces os shit and before then, Elon musk and other celebrities would have been filthy richer and livjng you behind the poverty close door.
Do your own research, there 100th of projects to buy into, look at their fundamentals and you would have something to hold onto even at bear market.
474  Alternate cryptocurrencies / Altcoin Discussion / Re: Insane Gas Fees on: February 22, 2021, 06:30:00 PM
this may be time for you to switch to the bsc network until when eth has become v2 and is running a proof of stake network
Seeing ethereum fees are very high I stopped using ETH for a while and switched to bsc and many people already starting use bsc.


I have a token poolz worth $78 and I tried to send it to exchange but it seems the flash crash worst the network today. I was seen 800 gwei for low transfer fee that was approximately around $60 which is not economical for retailers.
Ethereum is becoming too congested and miners are somewhere smiling, I bet they wouldn't want this to end anytime soon. I don't expect crash of market but if that happens soon, transaction will be increasing and Ethereum price Wil be declined. This is insane innovation I have seen.
Bitcoin so a blast to the upward but the fees has never as worst like Ethereum. Lets all developers and Vitalik Butterin do something other wise eth price will never increase.
475  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on BNB (Why it won’t replace ETH) on: February 22, 2021, 06:22:57 PM
There are still a lot of ETH fans, they will use eth despite of everything

It's not about fans to a blockchain-based. It's because many don't have choice about the so called defying ( if that actually exist ). Uniswap, Sushiswap are the home base of Defi projects because of they are fully decentralized. Their activities are responsible for the actions in gas fee and hence they don't have choive as most of this hype project are mainly built on Ethereum.

Now that BSc has scale up the main game Ethereum has been trying to achieve since last months. I still think more development is needed but if BSc proves to be better, many will leave Ethereum for Binance chain.
476  Economy / Economics / Re: Indian Economy to grow at 11.5% in 2021 say IMF on: February 21, 2021, 08:46:44 PM
I doubt there is a lot of BTC in India, so whatever the government does it can't have that big an impact. Are there any known Indian BTC whale ?

Most of the BTC whales are very anonymous, if I'm opportune to be one, i would rather remain anonymous for the fear of safety. Telling the public that you are millionaire without safety or security is highly risky.
Has anyone notice that in almost all crypto projects we do have today, there is always one Indian guy as part of the team.
Indians are known for tech and they always sell where they are. Google CEO is an Indian guy and there are many 0f them that isn't popular yet but they are doing something. This is why there economy never rest but keeps improving as the world is now computing science.
477  Economy / Economics / Re: Fiat and cryptocurrency on: February 21, 2021, 08:29:53 PM
What do fiat and cryptocurrency have in common? Both of them are forms of money, but they have completely different natures. You can't prefer one to another because we are still far away from the mass adoption.

The adoption is here my friend. You can't say bitcoin current price is far from adoption. The entire market cap has doubled in the space of short time. This is the most frenzy bull run inauev I have experienced and I never see it coming otherwise I would have come prepared from last year. Tongue

Looking at comparisons of fait and crypto, they are both can be exchange of value but the other is a tool as hedge against inflation but saying fiat is useless is completely rubbish talk in my opinion. If fiat is a total waste why do we see more traders running into stable coins after having large gains. Fiat's is very essential especially when one need to liquidate holdings.
478  Economy / Economics / Re: Nigeria led global crypto adoption in 2020 on: February 21, 2021, 08:24:12 PM
At first when I came into cryptocurrency in the year 2018, I didn't find it quite easy to navigate between real projects and shoitcoins. It was hell then as we were experiencing the longest and worst near markwt then and I ask myself if was the only Nigerian dude in this space until I joined some certain crypto Telegram groups.
I was amazed by the numbers of Nigerians I have come across in and out of this forum and they are dominating when it comes to money Grin Grin Yes, we don't carry last when money is involved, that's what keep the spirit of Nigerians since we are so messed up by bad and greedy leaders.
The number of p2p transactions done by Nigerians alone in 2020 is a game changer in this industry.
479  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto and the real world. 💸 The Movement! on: February 20, 2021, 08:17:26 AM
What in your opinion is the biggest power of the crypto movement for the real world?

If you ask me, I will say the major power of all crypto movement has been bitcoin and then followed by some other good projects. Let's bitcoin collapse today and the rest of the market will be so messy. That's why the institutions in power are doing everything possible to create and own bitcoin. Only few are adopting Ethereum and lite coin.


Quote

Where do you see blockchain/crypto making a significant impact over the next decade?

I have been in crypto since 2018 and I must say this is the biggest bull run I have ever experienced, it's even difficult to predict Bitcoin movements because when correction is due, that's when it keeps pumping.
I'm sure correction will comes in future but it wouldn't crash like it used to in the past years.
480  Alternate cryptocurrencies / Altcoin Discussion / Re: BNB is No. 4 (3RD NOW) on: February 20, 2021, 08:03:35 AM
I did not anticipate it growing this fast. I know ETH has it's problems with high gas fees and scalability. Binance Smart Chain has emerged as a credible alternative and they have billions of dollars to promote their network and attract developers.

I wish I had time to thoroughly do more research and see more coming to Binance, I wouldn't have sold my bnb at penny price.
It happened last year, I bought 69bnb at $17 around January, the market shoot to $26 but I was confident and never sold.
Civid19 fear around the globe crashed the market and out of panic and fear, I sold everything at price lower than my purchase price. It was painful doing that then and the worst is now that bnb has become a gold.
Binance has achieved a lot within the short period, the smart chain is one of my favorite components of Binance development. I hope the network don't become congested as Ethereum since it's still small compare to Ethereum.
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